NEWS AND NOTES RELEVANT TO CYBER/DATA SECURITY AND COMPLIANCE

An investment advisory firm in St. Louis was forced to pay $75,000 to settle charges after hack of a third party where data was held. The SEC fine was largely attributed to the firm not having a cyber/data security incident plan in place. This action not only serves as a reminder to the need for such preparedness but also sheds light on risks associated with vendors, physical or electronic. MORE